According to the results of nine months of 2005 the value of shares of Asset Management Fund “Center-invest First” has grown by 40.65% (54.35% per annum). According to the results of August 2005 and results of 3 summer months Asset Management Fund “Center-invest First” occupies stably the second position of the rating “The most profitable asset management funds” (www.rating.rbc.ru).

The value of net assets of the Asset Management Fund made up RUR 35.7 million, managed capital – RUR 27.25 million as of October 1, 2005. From the beginning of 2004 the growth of shares value of Asset Management Fund “Center-invest First” equaled 54.13% (28.28% per annum).

Asset Management Fund “Center-invest First” is stable to occupy the first positions of profitability ratings in 2005. Thus, ratings determine Asset management Fund “Center-invest First” to be one of the best offers in the market of collective investments in South Federal District.

The specialists recommend investing for the term of more than 1 year or for a few years for the investments to reach maximum efficiency. But for the sake of the customers’ comfort there is a possibility to withdraw money from the asset management fund at any moment. Minimum sum of investment in Asset Management Fund “Center-invest First” equals RUR 25 thousand.

Asset Management Fund “Center-invest First” provides transparency of its activities via cooperation with Agency for Protection of Investors’ Informational Rights (APIIR) (www.ofbu.ru).

You can obtain up-to-date information about the Fund yield on the web site of Bank Center-invest: www.centrinvest.ru.